ReCasa Financial Blog
Real estate investors
are continuing to be profitable with low interest rates
despite low property inventory. Traditional rates on 30-year fixed-rate mortgages
, which have been in the 6s for the last 10-15 years, had been under 4% over the past year.
While home builders are under delivering, the supply of inventory is low. This means existing homes and rentals are going faster, allowing multi-family properties rent to increase by 15% in the past year.
Currently, an estimated 6 million properties are in foreclosure in the United States. With the rise of foreclosures, the need for rentals will also rise. When foreclosures take place, those individuals need to find a new home causing them to turn to renting.
As a rehabber, how does the current inventory shortage affect your real estate investing?
The post Foreclosures on the Rise, Rentals Increasing first appeared on ReCasa Financial Group.
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